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BNTUSDT

BNT/BTC (Test Old Support?)💎Technical Analysis Summary💎 BINANCE: BNTBTC -Bancor is on a downtrend since the pick at 23k sat area -Its value has declined by -70% already and still going lower -If BNT will keep respecting this descending channel -There is a channel to test old support at around 6k sat range -But until this parallel channel is broken to the upside -The Bears are still in control of the market -I recommend waiting for a proper breakout followed with a volume -This reduces the risk and have proper stop loss location `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
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by PolarHusk
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BNT/BTC (Breaking Trendline Support?)BNT/BTC -the daily uptrend must be over as the price starting to trade below the trendline -if this daily candle closes bearish with an engulfing -there is a high chance to retest the 50D MA and trendline support at 12800 range -if you are looking for a bounce trade setup -make sure there is a bullish reaction in within buy range -to avoid catching a falling knife -or if you want to be safe -you can just wait for the 4H trend reversal -because it will signal that the downtrend is over
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by PolarHusk
5